A blockchain is a public digital ledger that is used to record transactions. Blockchain is commonly associated with Bitcoin. The data in the blocking chain is complete, timely, accurate and widely available. It is an open source software in which Bitcoin is executed. Blockchain affects the main industries such as banking The blocking chain is decentralized, so it is not necessary to have a central certification authority. Much more can be used than currency transfer, contracts, records of other types of data that can be shared. Blockchain guarantees the objectivity of the data. Two parties can make an exchange without the intermediation of a third party. The blocking chain tends to have better security because there is not a single point of failure to turn off the network. Blockchain has the ability to be analyzed and reviewed from time to time, which stimulates the process of self-review. Each transaction record is linked to previous transactions and is standardized for each participant Node.

Blockchain Applications



Blockchain can support a wide range of applications. The best known is the cryptocurrency as Bitcoins. Blockchain-based applications include any commercial transaction that may include from the tracking of commercial orders, supply chain, banking and finance, e-learning, health, online shopping portals, insurance, travel, music, renewable energy, validation of contracts, etc.

The properties included in Blockchain are the following
  • IT infrastructure
  • Transaction platform
  • Decentralized database
  • Peer to peer network
  • Development platform
Benefits of Blockchain
  • High quality data
  • Quick transactions
  • Lower transaction costs
  • Integrity of the process
  • Durability and reliability
  • Transparency and immutability
Smart contracts

Smart contracts are software linked to Blockchain. Smart contracts guarantee total automation, decentralization and greater transparency of many online processes.

Supply chain in Blockchain

Blockchain allows the creation of a transparent supply chain process with the clear dissemination of data through the development of a distributed ledger for your supply chain.

Ethereum

Ethereum is an open software platform based on Blockchain technology that facilitates the development of Smart Contracts and Distributed Applications (DApps).

Exchanges

Buy, sell or exchange multiple cryptocurrencies is possible through an exchange of cryptocurrencies. Heaptrace specializes in the development of customized cryptocurrency exchange solutions.

Hyperledger

Hyperledger is an enterprise-level distributed ledger based on Blockchain technology that uses intelligent contracts.

Private blocks

Private Blockchains are created for organizations and only organizations operate them.